Apple weighs on Nasdaq; China Mobile talks go on

SAN FRANCISCO (MarketWatch) -- The Nasdaq Composite Index
COMP, -0.01%
lost more ground as trading progressed Wednesday, with Apple Inc.
AAPL, -0.87%
weighing on the tech-heavy market gauge. Apple, the largest component on the Nasdaq, saw its shares fall by $14.25, or 2.6%, to $540.85 as the chairman of China Mobile Ltd.
CHL, +1.50%
said the Chinese mobile-phone giant is still in talks with Apple about the carrier offering the iPhone. Reports have said that China Mobile may have the iPhone on its network in early 2014.

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